South African Markets - Factors to watch on May 11

JOHANNESBURG, May 11 (Reuters) - The following economic and political events, equity and currency market moves may affect South African markets on Thursday.

ECONOMIC EVENTS March mining output March manufacturing production POLITICAL EVENTS President Ramaphosa answers lawmakers' questions in parliament

SOUTH AFRICAN MARKETS The South African rand plunged to a three-year low on Wednesday after a steep drop the previous day, while international and domestic government bonds also fell, as fears grew of scheduled blackouts worsening during winter. GLOBAL MARKETS Asian shares rose on Thursday as investors cheered signs of easing inflationary pressure in the U.S. after data showed consumer prices in April rose at a slower-than-expected pace. WALL STREET The Nasdaq ended Wednesday at its highest intraday level in more than eight months, boosted by a slightly lower-than-expected increase in April inflation and Alphabet Inc's latest artificial intelligence rollout. GOLD Gold prices edged higher on Thursday, aided by a weaker dollar and economic worries, while investors sought further clarity on the U.S. Federal Reserve's monetary policy path. EMERGING MARKETS For the top emerging markets news, double click on - - - -

Some of the main stories out in the South African press:

BUSINESS DAY - Sliding rand raises chance of another interest rate hike - Eskom to appoint legal review team over De Ruyter claims - Sasria reverses course on grid collapse claims
(Compiled by Alexander Winning)

Reuters

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South African Markets - Factors to watch on May 11

By Reuters

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